Previous Close | 26.01 |
Open | 26.00 |
Bid | N/A x N/A |
Ask | N/A x N/A |
Day's Range | 25.37 - 26.00 |
52 Week Range | 21.80 - 36.27 |
Volume | |
Avg. Volume | 144,357 |
Market Cap | 81.16B |
Beta (5Y Monthly) | 0.53 |
PE Ratio (TTM) | 17.94 |
EPS (TTM) | N/A |
Earnings Date | N/A |
Forward Dividend & Yield | 0.16 (0.62%) |
Ex-Dividend Date | Jun 13, 2023 |
1y Target Est | N/A |
Mexico's federal government, under pressure from the U.S., is keeping Chinese automakers at arm's length by refusing to offer such incentives as low-cost public land or tax cuts for investment in EV production, three Mexican officials familiar with the matter said. The last meeting between top Mexican officials and a Chinese automaker was in January, the sources said, with executives of BYD Co - one of the world's largest electric vehicle makers by sales. At the meeting, Mexican officials made clear they would not give incentives like those awarded to automakers in the past and that officials would be putting on pause any future meetings with Chinese automakers, said the sources, who asked not to be identified.
Chinese automakers like BYD (BYDDY) and XPeng (XPEV) make electric vehicles that are far cheaper than the ones made in the USA. But they're hard to find in the US and, if politicians and domestic automakers (F, GM, TSLA) have their way, that's how it's going to stay. Yahoo Finance's Pras Subramanian and Rick Newman explain why in the video above. For more expert insight and the latest market action, click here to watch this full episode. This post was written by Stephanie Mikulich.
Elon Musk announced a Tesla robotaxi reveal after Q1 deliveries missed even the worst estimates. BYD unveiled an EV pickup with more to come.